Excellent opportunity to own this successful franchise in a Major Commercial Mall of Northern New Jersey. The business can be maintained as an absentee owner or as an onsite operator. The business has a gross income of $235,000 and a dependable net yearly income. The franchise cost for royalty fees are from 3% to 6% based on gross sales and franchise approval is required. Spanning two continents, The Crêpe Café is tailored to suit their customers’ needs based on culture and geographic preferences. Focusing on more familiar flavors based on each shop’s location, their cafés have a strong following of people who enjoy every day flavors with a twist. The eye-catching color scheme of yellow and black is recognized internationally as a place where delicious meals and visual enjoyment come together for a unique dining experience. The Crêpe Café is BFC Retail Group’s first fast casual franchise. Launched in 2001 by French-Australian entrepreneurs, the pioneer restaurant was located in Surfers Paradise, Queensland, Australia where it was embraced as a fun, fresh and unique way of dining. It spread throughout the country, providing an upper fast food concept, with its unique and signature product, the crêpe. In 2007, The Crêpe Café expanded into the Middle East as an elegant fast casual café where it is still continuing to grow today. Franchise developers at The Crêpe Café not only have access to a range of resources that help them to manage and market their business, but operate under a globally respected group, ‘BFC Retail Group’ that is now represented in four continents. The Crêpe Café offers support for franchise developers that cover all aspects of business: the use of the brand name, trademarks, recipes, operational systems and methods, and decor. Additionally, you will receive support in these specific areas. This is a dependable business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent investment return to the owner operator prior to debt service. This business opportunity requires franchise approval to purchase, additionally, lease transfer qualifications is required. This is a modern retail facility located in a huge commercial mall with hundreds of other successful businesses. The business which consists of approximately 790 square feet is a kiosk with thousands of daily customers / shoppers. This opportunity is located in Northern New Jersey, Passaic County, and the mall services hundreds of communities with substantial populations. This particular business has one full and two-part time employee with a monthly payroll of $2,380. The business has an assignable commercial lease which expires 2019-01-01 plus additional options, with a monthly rent of $7,800 and rent security $13,333. The business is located in an indoor commercial mall as a kiosk and services walk by customers near to the food court. The business assets have an estimated value of $75,000 which includes displays, shelving, tables, computers, software, refrigeration, POS system including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This business opportunity has substantial private mall parking on site as part of the commercial lease. The business is active seven days per week, with hours from 11:00 am to 8:00 pm. The sale includes a certificate of occupancy from the particular municipality and the required state or city licenses to conduct its day to day business. Franchise training is available and the owner will remain post-closing for one week in order to supply an appropriate transitional period to the new operator. The present owners full-time job demands additional personal time. The business presently has a limited marketing plan, limited social advertising and if improved can further develop the business bottom line net income. To the best of our knowledge due to franchise and landlord noncompete, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser. The 2015 yearly gross income is $235,000 and the business has a yearly net income of $38,000 based on an owner operator and prior to debt service. The business has been valued at $89,900 based on a multiple of the yearly net income and the value of the specific business assets and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.

Facilities:

This is a modern retail facility located in a huge commercial mall with hundreds of other successful businesses. The business which consists of approximately 790 square feet is a kiosk with thousands of daily customers / shoppers. This opportunity is located in Northern New Jersey, Passaic County, and the mall services hundreds of communities with substantial populations.

Competition:

To the best of our knowledge due to franchise and landlord non-complete, no other new competitors are expected near to this business and the owner has agreed to supply a long term non-compete agreement to the purchaser.

Growth Potential:

The business presently has a limited marketing plan, limited social advertising and if improved can further develop the business bottom line net income.

Training/Support:

Franchise training is available and the owner will remain post-closing for one week in order to supply an appropriate transitional period to the new operator.

Seller Financing:

Seller financing is available to qualified buyers.

Sale Reason:

Owners full time job demands additional personal time.

Ad #81118

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